Auction condo 34.15 sq m, Ratsada (No. 43‑2)

This is a condominium unit of 34.15 sq m in Ratsada, Phuket, sold at an official public auction. The auction is held by the Legal Execution Department office in Phuket. The unit comes with a condominium unit title and is sold free of mortgage.

The announcement lists the title holder as the occupant, so vacant possession is not guaranteed. Keep this in mind when you decide whether the lot suits you.

Here is how the auction works. The department publishes an official appraisal and a schedule of auction rounds. If a round passes without bidders, the next round starts at a lower price under the department's rules. Every bidder places a security deposit on auction day. The final price is set at the auction and can be higher than the starting price if several bidders take part. The current round, its date, the starting price, the deposit and our turnkey estimate are shown in separate blocks on this page and are updated every day from the official announcement.

The price structure is simple. The turnkey estimate is the starting price of the current round, plus our support fee, which is a share of the hammer price, plus a fixed lawyer fee. A calculator on the page shows the total for your own bidding limit. Government transfer fees are paid separately. If you do not win the auction, you pay only a lot check advance. If you win, that advance counts towards the lawyer fee.

Foreigners can own a condominium unit within the 49% foreign quota of the building, with funds transferred from abroad. Banks almost never lend for auction purchases, so plan to use your own funds.

Our support covers:

• a lawyer's check of the title, encumbrances and condominium debts;
• an inspection of the building outside and, if possible, inside;
• placing the security deposit and bidding up to your limit;
• after a win: payment of the balance within 15 days (extension up to 3 months on request), registration at the Land Office, handover and, if needed, eviction through the court officer.

The purchase steps are shown one by one in the "How it works" block on this page.

Risks to know about. The former owner may still live in the unit, and eviction goes through the enforcement procedure, with timing explained by our lawyer. An inside viewing is often impossible, and the condition at handover is not guaranteed. The lot suits a buyer who uses own funds and accepts an auction where the final price is not fixed in advance.